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Ghana Reinsurance Company Limited renamed

Ghana Reinsurance Company Limited renamed
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Ghana Reinsurance PLC

Ghana Reinsurance PLC
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AM Best Affirms Credit Ratings of Ghana Reinsurance Company Limited

AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb” of Ghana Reinsurance Company Limited. Capital requirements are partly driven by a high level of asset risk due to the concentration of investments in Ghana. Ghana Re maintains a good competitive position in Ghana as the largest domestic reinsurer and. ....

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SIC Life appoints top managers to strategic positions

SIC Life appoints top managers to strategic positions
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AM Best Affirms Credit Ratings of Ghana Reinsurance Company

By AM Best
2020-12-21T16:53:00+00:00
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Ghana Reinsurance Company Limited (Ghana Re) (Ghana). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Ghana Re’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, limited business profile and weak enterprise risk management.
Ghana Re’s very strong balance sheet strength is underpinned by its risk-adjusted capitalisation being at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). Capital requirements are driven by a high level of asset risk due to the concentration of investments in Ghana. Prospectively, AM Best expects Ghana Re’s BCAR scores to remain at the strongest level, with good internal capital generation supporting strong premium growth. ....

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